U.S. Capital Wealth Advisors LLC Has $31.91 Million Stock Holdings in RTX Corporation $RTX

U.S. Capital Wealth Advisors LLC reduced its stake in RTX Corporation (NYSE:RTX) by 3.2% during the third quarter, Holdings Channel.com reports. The fund owned 190,703 shares of the company’s stock after selling 6,209 shares during the period. RTX makes up about 0.9% of U.S. Capital Wealth Advisors LLC’s portfolio, making the stock its 16th biggest position. U.S. Capital Wealth Advisors LLC’s holdings in RTX were worth $31,910,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RTX. Prentice Wealth Management LLC increased its position in RTX by 8.4% during the 3rd quarter. Prentice Wealth Management LLC now owns 11,248 shares of the company’s stock valued at $1,882,000 after purchasing an additional 874 shares during the period. Redhawk Wealth Advisors Inc. increased its position in shares of RTX by 20.6% during the third quarter. Redhawk Wealth Advisors Inc. now owns 4,397 shares of the company’s stock worth $736,000 after buying an additional 751 shares during the period. Voya Investment Management LLC increased its position in shares of RTX by 12.9% during the third quarter. Voya Investment Management LLC now owns 1,490,941 shares of the company’s stock worth $249,479,000 after buying an additional 170,867 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in RTX by 5.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 36,817 shares of the company’s stock valued at $6,161,000 after buying an additional 2,005 shares during the period. Finally, Buckhead Capital Management LLC boosted its position in RTX by 12.3% during the third quarter. Buckhead Capital Management LLC now owns 2,470 shares of the company’s stock valued at $413,000 after acquiring an additional 271 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of several research analyst reports. UBS Group lifted their price objective on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. BNP Paribas Exane started coverage on RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target on the stock. Susquehanna raised their price objective on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $182.71.

RTX Price Performance

Shares of RTX opened at $178.30 on Friday. The business’s fifty day moving average is $172.88 and its 200 day moving average is $160.07. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $182.28. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock has a market cap of $239.06 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.80 and a beta of 0.44.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the previous year, the business posted $1.45 EPS. RTX’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.